Quick take:
- Flare Networks will integrate DogeCoin (DOGE) before its mainnet launch
- This will allow DogeCoin to be used with EVM based smart contracts
- DogeCoin (DOGE) has experienced an impressive pump to a new ATH of $0.028 and rising
- DogeCoin holders are asking ‘when $1 DOGE’
The team at Flare Networks has announced that they will be integrating DogeCoin (DOGE) prior to the release of the project’s mainnet this year. DogeCoin (DOGE) is now the third digital asset – after XRP and Litecoin (LTC) – set to have smart contract capability courtesy of the Flare Networks.
Flare Networks made the announcement via Twitter and explained such an integration would avail DogeCoin (DOGE) to scalable EVM (Ethereum Virtual Machine) based smart contracts.
Flare will be integrating Doge prior to network launch. This will allow dogecoin to be used on Flare trustlessly with scalable EVM based smart contracts.
DogeCoin Picked by Flare Networks After a Twitter Poll
The choice to pick DogeCoin comes after the team at Flare Networks posted a Twitter poll asking if they should go ahead and integrate DOGE. The poll can be found in the following tweet with 53% of the respondents voting for the idea.
— Flare (@FlareNetworks) January 21, 2021
DogeCoin Pumps Hard to $0.028
At the time of writing, DogeCoin (DOGE) has set a new all-time high of $0.028 – Binance rate. This is after a tweet by what looks like a parody account of the Wall Street Bets community, asking whether Dogecoin has ever reached $1. A screenshot of the tweet can be found below.
From the screenshot, it can be observed that the tweet has since gathered over 22k likes, 4,400 retweets and over 1,000 quoted tweets. This means that the online trading community is very much determined to pump DogeCoin (DOGE) to higher levels.
To note is that Wall Street bets is on the online community behind the massive rejuvenation of Gamestop (GME) stock to $480 levels in a bid to capitalize on a short squeeze identified by its members. The pump of Gamestop (GME) by the online community has made headlines across the globe with many analysts viewing it as retail traders beating Wall Street at their own game.
Wall Street Bets Could be the Beginning of an All-Inclusive Financial Market
Popular Bitcoin bull, Anthony Pompliano, was particularly enthusiastic about the long-lasting effects of Wall Street Bets on the entire financial system. He explained:
The future financial system is digital and decentralized. It is a meritocracy. If you’re right, you win. If you’re wrong, you lose. No one comes to save you. No one turns off the game because rich people start crying. Free market competition. Decentralize it all.